Lyft had three patents in ecommerce during Q2 2024. Lyft Inc’s patent filed in Q2 2024 describes a method for determining surge pricing for transportation requests based on pickup location, including a surge pricing multiplier and cap to limit the fare subject to surge pricing surcharge. GlobalData’s report on Lyft gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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Lyft had no grants in ecommerce as a theme in Q2 2024.
Recent Patents
Application: System and method for navigating drivers to service transportation requests having surge pricing multipliers and surge pricing caps (Patent ID: US20240211982A1)
The patent filed by Lyft Inc. describes a computer-implemented method for determining surge pricing for transportation requests based on factors such as the number of requests and driver devices in specific surge areas. The method involves generating surge factors for different areas, calculating a distance-weighted surge factor based on the pickup location, and transmitting this information to users through a graphical interface. Additionally, the method includes determining fixed-surge areas and updating surge factors based on distances between pickup locations and surge areas.
Furthermore, the patent also covers a non-transitory computer-readable medium with instructions for executing the surge pricing determination method, as well as a system comprising at least one processor and a computer-readable medium. The system is designed to receive transportation requests, calculate surge factors, generate distance-weighted surge factors, and display this information on user interfaces. It also includes features for determining fixed-surge areas, generating updated surge factors, and transmitting updated surge factor information to users. Overall, the patent outlines a comprehensive system for dynamically adjusting surge pricing based on various factors to provide transparency and efficiency in the transportation matching system.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
